British Crown threatens to seize Burnley and Espanyol parent company

Velocity Capital, the parent company of Burnley and Espanyol owner Alan Pace, has received a compulsory strike-off notice from UK Companies House for failing to file accounts for 22 months.

Velocity Capital (UK) Holdings Limited, the holding company for Burnley FC and parent of Espanyol owner Alan Pace's investment vehicle, has received a compulsory strike-off notice from Companies House, the UK's corporate registry. The company has failed to file accounts for 22 months and has been given two months to remedy the situation.

If Velocity Capital fails to comply within the deadline, the company will be dissolved and its assets will pass to the British Crown. Pace's group has previously received a similar notice in February 2025, which was resolved favourably by March. A spokesman for the investment group told Burnley Express they are "aware of the notice issued by Companies House" and are "taking the necessary measures to resolve the matter", with plans to make required filings "in the coming weeks".

The situation adds to the turmoil at both Burnley and Espanyol, where Pace's clubs are currently without managers. The timing is particularly notable given that King Charles III publicly stated in 2010 that he is a Burnley supporter.